Pakistan, June 16 -- Defence Minister Khawaja Asif said Pakistan's economy has emerged from a critical phase and regained stability. Speaking in the National Assembly, he credited reforms and IMF-backed measures for the improvement. His remarks matter because economic recovery directly affects businesses, investors, and millions of Pakistanis.

Addressing lawmakers during the budget debate, Asif said Pakistan once faced a serious risk of default. He noted that strict IMF conditions helped restore financial stability and improve economic confidence. While acknowledging remaining challenges, he expressed optimism that the country could achieve six to seven percent growth within two years. He added that current economic indicators reflected ...